Auryx Gold Releases Results of Exploration and Infill Drilling from West Zones at the Otjikoto Gold Project in Namibia
Auryx Gold Corp. (TSX:AYX) announced assay results from 37 exploration and infill diamond drill holes in the western and south-western region of the current modelled pit at the Otjikoto gold project, Namibia.
As quoted in the press release:
These holes combine with previously drilled holes to define the West A shoot, West B shoot, West 1 shoot and southern extensions to the western shoots. Please follow the link for the relative locations of the shoots and the drill holes reported below:
http://auryxgold.com/projects/otjikoto_drill_program/plan_views/october_2011/Aside from the southern extension of the western shoots, the remaining shoots are located in-pit. OT holes are exploration holes and TC holes are infill drilling done to convert the NI 43-101 resource estimate from inferred to indicated in certain regions.
Auryx Gold CEO, Mr. Searcy commented:
“In-pit drilling is confirming the continuity of the inferred mineralization and demonstrating that areas that were previously modelled as waste are, in fact, mineralized. The potential to add resources ‘in-pit’ demonstrates that the Otjikoto gold deposit is still underexplored. The southern extensions of the western shoots are located below the Main Magnetite Zone (“MMZ”, as defined in the Auryx Gold press release dated 8 Sep 2011) and demonstrate the potential for resource growth along strike at Otjikoto.”